Financial Service OneReceipt Organizes and Analyzes Consumer Spending

By November 17, 2011
Keywords : Smart city, America

OneReceipt collects receipts and gives customers feedback. They also cultivate more engagement with retailers by offering rewards.

Finance startup OneReceipt has created a free service for consumers to send their receipts to and get feedback on their spending habits. A membership includes a unique “” email address, which shoppers can use when they make a purchase, to have OneReceipt automatically collect data and also avoid spam. Part of the service is much like Mint – another financial service that connects to bank accounts – in that purchasing is tracked and categorized. But since the data comes from individual purchases, it is much more complete - members can track shipping, remind themselves of past purchases, as well as receive alerts about overspending.

A safe and secure service with rewards based on spending habits

As purchasing data begins trickling in, OneReceipt offers rewards based on customer interests. Additionally, return windows are tracked, and consumers can receive notifications when items will no longer be returnable. Once members sign up for the service, which is still in private beta, OneReceipt stresses that their relationship with customer data is totally terminable, credit card information is not stored, email addresses are not shared, and all data is transferred on secure SSL connections.

Emailed receipts not prevalent now, but on the rise

While immediate usability will be in the form of e-commerce - the source of most emailed receipts - payment options such as mobile credit card POS service Square and stores like Apple all offer email receipt options. This trend can only spread, as paper receipts become less relevant and the subject of BPA contamination concerns, as OneReceipt thoroughly publicized in its pre-launch Twitter feed back in August 2010.


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